President Bola Ahmed Tinubu, commissions a lithium processing factory in Nasarawa State, built by a Chinese firm, Avatar New Energy Materials Company Limited.
The commissioning took place at Kama Otto in Nasarawa Local Government Area, in collaboration with the Nasarawa State Government.
Tinubu who was represented by the president of the Senate, Senator Godswill Akpabio, said the commissioning of the Avatar New Energy Materials Company Limited was an example of a good partnership between the federal government, state, and investors.
The President said the establishment of the lithium company would not only create opportunities for the youth but would also position Nigeria as a key player in the global Lithium market.
This, he said, was in line with the government’s Renewed Hope Agenda of diversifying the nation’s economy by leveraging on the mining sector in order to expand the country’s sources of revenue for socio-economic development.
“Realising the benefits of lithium and other mineral resources, our administration will continue to pay particular attention to the maximum utilisation of the product for the benefit of our people.
“While we appreciate this investment in the first phase, processing of lithium, our goal is for investors to establish factories for the complete value chain processing of Lithium and all other minerals,” the President said.
The President also acknowledged the support of the people of Nasarawa during the last Presidential election.
